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Dahlia Corporation has a current accounts receivable balance of $335,500. Credit sales for the year just ended were $4,737,260. a. What is the company's receivables
Dahlia Corporation has a current accounts receivable balance of $335,500. Credit sales for the year just ended were $4,737,260. a. What is the company's receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 28.24 x times 12.91 days 12.91 days a. Receivables turnover b. Days' sales in receivables c. Average collection period
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